Actively involved in contract negotiations with a federal government agency, Coinbase was likely prohibited from making its $25 million contribution to the Fairshake crypto super PAC in May 2024.
I don’t believe that it has.
You might as well propose that the US government purchase a half trillion dollars worth of Beanie Babies. Yes, it would be a popular policy among current Beanie Baby owners. But perhaps not the wisest use of public funds.
18 year wikiversary 🎂
first shishito pepper spotted!
Bitcoin 2024 has more speakers named Rob, Matt, Mike, Chris, Alex, or Brian than they do women speakers
Welcome to RobConf 2024
eleven of the Bitcoin 2024 speakers are named Matt
sometimes I wonder how people who don’t listen to Critical Role get any housework done
Coinbase’s Stand With Crypto Alliance fudges the numbers, a (former) crypto industry CEO has a meltdown, and another exchange suffers a nine-figure hack.
Coinbase has tried to portray its “Stand With Crypto” PAC as having broad grassroots support among over a million “crypto advocates”, and boasts on its homepage of nearly $180 million raised by these advocates.
Its first quarterly FEC filing reveals it has had only $13,690 in contributions from seven people over the most recent three-month period. Two of them work for Stand With Crypto and two of them work for Coinbase.
After my reporting about the falsified donations amount on the Stand With Crypto homepage, the PAC added a tooltip that acknowledges that $177.8 million of the “donations by crypto advocates” are actually the multi million dollar donations by a handful of big crypto companies and their executives.
However, they still claim that $1.48 million was raised by Stand With Crypto itself. Either they've raised 99% of their funds in the last 19 days, or they’re doing more funny business with the numbers they’re claiming.